Income Tax Calculator for FY 2025-2026


PayHR Income Tax Calculator is a simple online tool that helps you estimate your tax based on your income. This tax calculator will show a comparison of both tax regimes NEW v/s OLD as per Budget 2025.

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Below 60 years
60 to 80 years
80 years and above
You had selected age as :

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Your Total Gross Taxable Income is :

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Here is your Income Tax Calculation

Allowance | Deductions As per OLD Regime As per NEW Regime
1. Income From Salary (+)
2. Income From Other Source (+)
3. Interest Paid On Home Loan (-)
4. Total Gross Taxable Income (1+2-3)
5. HRA Exemption Amount (-)
6. LTA Exemption Amount (-)
7. Standard Deductions (-)
8. 80C Deduction Amount (-)
9. Individual contribution to NPS 80CCD (-)
10. Medical Insurance 80D (-)
11. Employer contribution to NPS 80CCD (-)
12. 80 Other Deductions (-)
13. Total Exemption & Deduction (5+6+7+8+9+10+11+12)
14. Total Taxable Income (4-13)
15. Total Tax
16. Rebate u/s 87A(-)
17. Surcharge
18. Health & Education Cess
19. Total Income Tax for FY 2024-2025 (15-16+17+18)
Is Marginal Relif Applicable?
Income Tax slab considers as per :

What are changes in Year 2025 Budget


Key Highlights of the New Tax Reforms
✅ No Income Tax for Earnings up to ₹12 Lakh

Under the revised structure, individuals earning up to ₹12 lakh annually will no longer be liable to pay income tax, ensuring a greater take-home salary for the middle-income group.

✅ Revised Tax Slabs under the New Tax Regime

The government has introduced a fresh set of tax slabs, making taxation more progressive and taxpayer-friendly. These changes aim to simplify the tax structure while ensuring optimal benefits for salaried individuals.

✅ Enhanced Rebate Under Section 87A

To further ease the financial burden, the rebate under Section 87A has been increased to ₹60,000, a significant jump from the previous ₹20,000. This move directly benefits taxpayers by reducing their overall liability and improving financial flexibility.

✅ Impact on Taxpayers

With the widened tax slabs and improved incentives, many taxpayers who previously preferred the Old Tax Regime may now find the New Tax Regime more beneficial. The shift will not only reduce their tax liabilities but also simplify their filing process, eliminating the need for extensive documentation and deductions.


Income Tax Slabs under the New Tax Regime - 2025-26

Income Slab From Income Slab To Income Tax Rate
₹ 0 ₹ 4,00,000 NIL
₹ 4,00,000 ₹ 8,00,000 5%
₹ 8,00,000 ₹ 12,00,000 10%
₹ 12,00,000 ₹ 16,00,000 15%
₹ 16,00,000 ₹ 20,00,000 20%
₹ 20,00,000 ₹ 24,00,000 25%
₹ 24,00,000 ₹ 99,99,99,999 30%